Financial Accounting: Mid-Term Assignment

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Balance of accounts of PRESTON PLASTIC MANUFACTURING COMPANY at December 31, 2011 are as follows:

| | |(in £’000) |
|Cash[1] | 30,600 | |
|Investment | 59,000 | |
|Debtors | 79,800 | |
|Prepayment | 1,200 | |
|Stock | 137,200 | |
|Machinery | 47,600 | |
|Vehicles | 38,700 | |
|Plant and Building | 342,000 | |
|Accumulated Depreciation[2] | (46,000) | |
|Trade Creditors | | 66,000 |
|Long-term Loans from banks |